HISTORY 7B Lecture Notes - Great Lakes Region, Gilded Age, Bessemer Process
Document Summary
Huge growth of industry in the late 19th century. It went up a lot, a million tons of production; big changes big growth. We can stress technology, creative entrepreneurship, public policy, experience of huge numbers of workers. Ny central (rr)), jay gould (speculator who invented the leverage buyout *combined companies to make tons of debt: bessemer converter (andrew carnegie) Also integrates production in the steel industry so the entire production process is inside his form. Suggests a kind of criminality sort of like pirates, at the very least anti social haha. They liked to call themselves captains of industry . Like the research lab in addition to the lightbulb, systems for distributing electricity in cities, the phonograph, stock ticker, early movie camera. The bad rep of the leaders of the period came from their dishonest financial dealings also their exploitation of the workers (out of this furnace) William h. nslhfa public be damned : conspicuous display.
